The shares of 'United Cartoon Industries' vary in the first days of its circulation on the Saudi Stock Exchange

The performance of the shares “United Cartoon Industries” varied at the beginning of its trading in the Saudi stock market today, representing the first inclusion of a Saudi company, to the turmoil in the markets on the impact of the US President Donald Trump. The share price of the packaging material manufacturer in Saudi Arabia increased by up to 9%at the beginning of the session, and it briefly dropped at the price of the offer of 50 Riyal per share, but it soon returned the increase above the level with about 2%. At the same time, the most important “Tassi” index fell about 0.8%to recharge after yesterday, Monday, with 3 sessions of losses. The index has been more than 8%since the end of March. The volatile performance of the share is a solo condition of newly listed shares in the kingdom, which usually rises at the beginning of its dealings with the maximum of ten percent. Although it appears that Saudi Arabia is largely protected by Trump’s customs definitions, the markets in the region and the kingdom are generally influenced by turmoil in global markets. A strong request to enable the company has attracted subscription requests of more than $ 20 billion in its initial offer of 600 million Riyals for a 20% share, reflecting the strength of the delicious investors despite the global fluctuations, giving it a market value of about two billion Riyals. All the shares had complete coverage during the early hours of the opening of the subscription door. The company earned revenue of 1.3 billion Riyals in 2024 and wants to expand its market share in Saudi Arabia and other woloration in which it works, led by the UAE, to the offer, according to Monich Ricky, CEO of the company in an interview with “Al Sharq”. Saudi Arabia’s proposals. The continuation of the “United Cartoon Industries” momentum is one of several Saudi businesses moving forward with the listing plans, despite the volatile conditions in the markets. The ‘specialized medical’ company has begun procedures to offer 30% of its stock market in Riyadh, and the process of enrolling in the institutions is completed to offer the shares of “Flynas”, which has the largest low -cost fleet in Saudi Arabia, with a size of 4.1 billion Riyals. At the same time, the Kingdom market is preparing for more subscriptions, as the regulatory authorities have recently agreed to include ‘Sport Club’, which owns the Bodymasters Series ‘Bodymasters’, along with the ‘Majid Reel Stet’ and ‘Marketing Home’. Group, and the technology company “Ijada Systems” plan to launch a preliminary proposal, according to “Bloomberg”. The Public Investment Fund is also working to prepare descriptions in a cooling -specializing business, another to run the ports, and a third for medical purchases. The markets of the region coincide with the increasing investment momentum in the region in general, as the expectation is expected that the representation of the shares listed in the Gulf stock exchanges within the upcoming market index increases by about half, due to the ‘deep shift’ in the region, according to ‘Bloomberg’ quoted from Salah Shama, head of the investment -Afrika of “Franklin”. The Kingdom of Saudi Arabia and the United Arab Emirates are the favorite markets of Shamm in the region, because of the strength of the local consumption in it, which offers extensive investment opportunities in non -oil sectors.